Keefe Bruyette analyst Timothy Switzer recently raised the firm’s price target on LendingClub (LC) to $16.50 from $14 following the company’s Q2 report. Switzer maintains an Outperform rating on the shares, citing accelerating growth as the driving force behind the higher guidance provided by the company. The firm noted a faster than expected acceleration in trends, leading them to increase their estimates further above consensus.
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In conclusion, Keefe Bruyette’s price target increase and positive outlook on LendingClub reflect the company’s strong performance and promising growth prospects. Investors can use this information to make informed decisions and potentially capitalize on the company’s continued success in the market.
